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THE LIGHTSTONE GROUP SECURES TWO LEASE EXTENSIONS AT
INDUSTRIAL/OFFICE PROPERTIES IN NEW ORLEANS AREA

ST. ROSE, LA. (April 7, 2009) – The Lightstone Group, one of the largest private real estate owners in the country, today announced that it has signed long-term leases extensions with tenants at two of its industrial/office properties in St. Rose, La.

Caremark LLC signed a 3,348-square-foot extension at 125 Mallard Street, which the company will continue using the space for general office needs, flex office/warehouse and for its specialty pharmacy business.

At 160 James Drive East, Sealy & Co., Inc. extended its lease for 5,886 square feet of general office and laboratory space where the company test and analyzes chemical products and commodities.

“Both Caremark and Sealy are extremely satisfied tenants who chose to extend their leases due to the superior space and service provided at the two properties,” said Jeff Dash, vice president of leasing for The Lightstone Group. “Both companies wanted to maintain their presence in the New Orleans area and it was much more advantageous to stay in their existing space.”

To learn about leasing opportunities at any of The Lightstone Group’s New Orleans area properties or throughout the company’s portfolio of office, retail and industrial properties, contact Jeff Dash at (908) 688-8300 or jdash@lightstonegroup.com.

The Lightstone Group is one of the country's largest privately held real estate companies with interests in residential, office, retail, hospitality and industrial real estate assets. Principally through its operating entities including Prime Retail, Prime Group Realty Trust and Beacon Management, the company owns a diversified portfolio of more than 19,000 multifamily units and 24 million square feet of office, industrial, hotel and retail properties in 27 states, the District of Columbia, and Puerto Rico. Headquartered in New York, The Lightstone Group has approximately 1,150 employees and maintains regional offices in Maryland, Illinois and New Jersey. For more information, visit www.lightstonegroup.com.